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emmasim [6.3K]
3 years ago
7

Wall Street performs a sort of "financial alchemy" enabling the individual to benefit from institutions lending money to them, a

ccording to Adam Davidson, cofounder of NPR’s "Planet Money." Individuals can invest small amounts of their money in a 401(k), pooling their capital and spreading the risk. Assume you invested in Fidelity New Millennium, FMILX, one of the "10 Best Rated Funds" by The Street. How much would you pay for 80 shares if the 52-week high is $34.24, the 52-week low is $28.54, and the NAV is $41.06? (Round your answer to the nearest cent.)
Business
1 answer:
Dovator [93]3 years ago
7 0

Answer:

$3,284.8

Explanation:

Calculation to determine How much would you pay for 80 shares

NAV= 80 shares x $41.06

NAV = $3,284.8

Therefore based on the information given the amount you would you pay for 80 shares if the 52-week high is the amount of $34.24, the 52-week low is the amount of $28.54, and the NAV is the amount of $41.06 is $3,284.8

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Why does the use of several depressants at once often prove to be a lethal combination?
Leona [35]

<span>The nervous system uses Gamma-Amino Butyric acid (GABA) as a neurotransmitter in the central nervous system. The use of several depressants increases the transmission of GABA that may cause the nervous system to slow down. The reaction of the body to several depressants is also unpredictable which makes it more dangerous.</span>

8 0
3 years ago
Suppose that the federal reserve decides to decrease the money supply with a $300 sale of treasury bills. Complete the tables th
ANEK [815]

The monetary base is a liability, whereas Treasury notes are assets.

tables that represent the financial position of the federal reserve and commercial banks after this open-market operation:

A $ 300, B $ 300, C $ -300, D $ 300

a negative sign use for reduced values.

<h3>What do we mean by asset?</h3>

A resource having economic worth that a person, business, or nation owns or manages with the hope that it will someday be useful is referred to as an asset. A company's balance sheet lists assets. They are acquired or produced to raise a company's value or improve the operations of the company. Physical commodities like equipment, real estate, raw materials, and inventories are considered assets. Intangible objects like patents, royalties, and other forms of intellectual property are also considered assets.

To know more about asset visit:

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3 0
1 year ago
Texas Oil Company (TOC) paid $3,000,000 for an oil reserve estimated to hold 50,000 barrels of oil. Oil production is expected t
IrinaK [193]

Answer: Please see answer below

Explanation:

<u>Oil Reserve </u>$3,000,000 for year 1, 2, 3

<u> Accumulated Depletion </u>

Year 1 = $3,000,000/50,000 X 10,000= $600,000

Year 2 = 3,000,000/50,000 X 30,000+600,000=$2,400,000

Year 3 =3,000,000/50,000 X 10,000+ 2,400,000= $3,000,000

<u>Oil Reserve</u>

Year 1 =$3000000- $600,000=$2,400,000

Year 2, $3,000,000- $2,400,000=$600,000

Year 3= $3,000,000 -$3, 000,000=$0

<u>Net Oil Inventory</u>

Year 1= $600,000

Year 2 $2,400,000

Year 3= $3,000,000

                                          Year 1          Year 2         Year 3

Oil Reserve        $3,000,000          $3,000,000      $3,000,000

Accumulated Depletion $600,000   $2,400,000     $3,000,000

Oil Reserve,               $2,400,000             $600,000         $0

Net Oil Inventory      $600,000        $2,400,000     $3,000,000

4 0
3 years ago
Using both the supply and demand for bonds and liquidity preference framework, show how interest rate are affected when the risk
nignag [31]

Answer:

Yes, the results are the same in both frameworks. Please see below for explanation.

Explanation:

With regards to the bond supply and demand framework, people will look to buy more bonds since they are more wealthy now. Hence, the supply of bonds will increase. The supply curve and the demand curve will both move to the right, with the former shifting more than the latter. The equilibrium interest rate will increase.

With regards to the liquidity preference framework, once the economy experiences a positive shift, there will also be an increase in the demand for money. People will make an increased number of transactions as well and hence, the demand curve will move towards the right. The equilibrium interest rate will rise too.

4 0
3 years ago
Hayes Bakery has sales of $30,600,costs of $15,350 an addition to retained earnings of $4221, dividends paid of $469, interest e
rodikova [14]

Answer:

c. $8013.29

Explanation:

The retained earnings is the accumulated net earnings/losses over the period of existence of an entity. This is usually posted to the retained earnings accounted for as part of owners equity on the face of the balance sheet net the dividend paid.

The net income is the difference between the sales and all expenses including depreciation.

Let the depreciation be d

Net income = retained earnings + dividend

= $4221 + $469

= $4,690

$4,690 = 0.79 ($30,600 - $15,350 - $1,300 - d)

The 0.79 being the net of the tax which is the 21% applied on the net of sales and expenses.

d = $13,950  - $5,936.71

d = $8,013.29

3 0
3 years ago
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